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Medley Management Inc. (NYSE: MDLY)

Investor Presentation

Quarter ended March 31, 2017

2

Important Notice to Investors

This presentation contains “forward looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, that are subject to risks

and uncertainties. Actual outcomes and results could differ materially from those suggested by this presentation due to the impact of many factors beyond the control of

Medley Management Inc., including those listed in the "Risk Factors" section of our Annual Report on Form 10-K for the fiscal year ended December 31, 2016 and our

other filings with the Securities and Exchange Commission (“SEC”). Any such forward-looking statements are made pursuant to the safe harbor provisions available under

applicable securities laws and Medley Management Inc. assumes no obligation to update or revise any such forward-looking statements except as required by law.

Certain information discussed in this presentation (including information relating to portfolio companies) was derived from third party sources and has not been

independently verified and, accordingly, the Company makes no representation or warranty in respect of this information.

The following slides contain summaries of certain financial and statistical information about Medley Management Inc. The information contained in this presentation is

summary information that is intended to be considered in the context of our SEC filings and other public announcements that we may make, by press release or

otherwise, from time to time. In addition, information related to past performance, while helpful as an evaluative tool, is not necessarily indicative of future results, the

achievement of which cannot be assured. You should not view the past performance of Medley Management Inc., or information about the market, as indicative of Medley

Management Inc.’s future results. This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities of Medley Management Inc.

This presentation includes certain non-GAAP financial measures, including Core Net Income, Core EBITDA, Core Net Income Per Share, Pre-Tax Core Net Income per

Share, Pre-Tax Core Net Income Margin, Core Net Income Margin and Pro-Forma Weighted Average Shares Outstanding. These measures should be considered only as

supplemental to, and not as superior to, financial measures prepared in accordance with U.S. GAAP.

Please refer to the financial performance section of this presentation for a reconciliation of the non-GAAP financial measures included in this presentation to the most

directly comparable financial measures prepared in accordance with U.S. GAAP.

3

Table of Contents

1. Overview 4

2. Market Opportunity 10

3. Investment Process 15

4. Overview of funds 17

5. Financial Performance 21

6. Appendix 27

OVERVIEW

4

• Diversified alternative asset manager offering yield solutions for institutional and retail partners

• $5.5 billion of assets under management

Medley Overview

Tactical Opportunities

Structured Credit

Liquid Income

Securities

Direct Lending

Corporate Credit

5

$1.3

$1.8

$2.3

$3.7

$4.8

$5.3 $5.5

2011 2012 2013 2014 2015 2016 1Q 2017MCC SIC Institutional Capital

• Increasing institutional and retail distribution

• Significant dry powder to drive growth in fee earning AUM over time

6

Medley’s Historical Growth Profile 41 88 140

153 187 225

137 139 142

120 152 179

Note: Metrics in billions of USD.

Assets Under Management

• Broad distribution through public and private vehicles

• Permanent capital, long-dated funds and managed accounts not subject to traditional outflows

Diversified AUM Across Multiple Funds

Sierra Total

Return Fund

MEDLEY (NYSE: MDLY)

Public Vehicles

Medley Capital

Corporation (NYSE: MCC)

Long-Dated Funds and Separately Managed Accounts

Senior Loan Fund

Medley Opportunity

Funds

Separately Managed Accounts

Institutional Capital

Medley Credit

Opportunity Fund

Sierra Income

Corporation

Senior Loan Fund

Tactical Opportunities

7

69%

6%

6%

19%

0%

Permanent

9+ Years

6-9 Years

3-6 Years

Less than 3 Years

• 69% of our fee earning AUM is in permanent capital vehicles

• The balance of our capital is either in long-dated funds or managed accounts

Fee Earning AUM 41 88 140

153 187 225

137 139 142

120 152 179

Note: Please see “Item 1A. Risk Factors” in our annual report on Form 10-K for the year ended December 31, 2016 for a discussion of the termination risks associated with our permanent capital vehicles, private funds and SMA vehicles.

Fee Earning AUM

8

87%

13%

Floating

Fixed

75%

17%

3% 5%

First Lien

Second Lien

Unsecured

Equity

12%

11%

11%

9%

6% 4% 4%

4%

4%

4%

3%

3%

3%

2%

2% 2% 2%

14%

Services: Business

Construction & Building

Banking, Finance, Insurance & Real Estate

Healthcare & Pharmaceuticals

Hotels, Gaming & Leisure

Automotive

Energy: Oil & gas

Retail

Aerospace and Defense

High Tech Industries

Multi-Sector Holdings

Chemicals, Plastics and Rubber

Beverage & Food

Telecommunications

Services: Consumer

Capital Equipment

Media: Advertising, Printing & Publishing

Other

23.8%

22%

14%

20% 26%

Industry Breakout

Portfolio Summary

9

17%

Investment Type Breakout

Medley Investments by Geography

Floating vs. Fixed Rate

Note: Portfolio summary represents total committed amounts as of 3/31/2017 and represents assets in all investment vehicles including TRS and SLS assets. In addition, non-U.S. investments comprise approximately 1% of Medley’s overall investment portfolio.

MARKET OPPORTUNITY

10

$593 $559

$673 $687

$753

$821 $842

2011 2012 2013 2014 2015 2016 1Q17

• Standalone US middle market would rank as the 3rd largest global economy

• Private equity dry powder continues to be elevated at all-time highs

Private Equity Dry Powder(2)

$16.8

$9.2

$6.7

$4.9

$3.6

$2.7 $2.5 $2.2

UnitedStates

China USMiddleMarket

Japan Germany France UK Brazil

The Opportunity – Large Target Market 41 88 140

153 187 225

137 139 142

120 152 179

Revenue: $500M - $1B

Top GDPs(1)

11

1. International Monetary Fund, World Economic Outlook Database, June 2014. Metrics in trillions of USD. 2. Preqin Private Debt Q1 2017 Quarterly Update. Metrics in billions of USD.

0%

10%

20%

30%

40%

50%

60%

70%

80%

5,000

6,000

7,000

8,000

9,000

10,000

11,000

U.S. FDIC Insured Commercial Banks(1)

Bank Participation in Levered Loan Market (%)(2)

1. Federal Deposit Insurance Corporation, represents number of commercial banking institutions insured by the FDIC as of 12/31/2016. 2. S&P LCD’s Leveraged Lending Review – 4Q16.

120 152 179

The Opportunity – Bank Consolidation

12

• Banks continue to shift toward large borrowers

• Regulatory environment is a headwind for banks in the middle-market

6%

13%

31%

0%

10%

20%

30%

40%

Traditional

Managers

Alternative

Managers

MDLY

13

$-

$5

$10

$15

$20

$25

2008 2015 2020E

Alternative Investments

$5T

$8T

$23T

8% CAGR

24% CAGR

Note: Metrics in trillions of USD 1. Traditional managers include: BEN, BLK, IVZ, JNS, OMAM, and TROW. Alternative managers include APO, BX, CG, KKR, OAK, and OZM. Medley selected the traditional and

alternative manager groups based on subjective factors. There may be other managers not mentioned. 2. Based on BCG, Global Asset Management 2016.

• Continued strong demand for yield solutions is expected to drive future growth

Strong Demand for Alternatives

Growth in Alternatives(2) AUM CAGR Since 2010(1)

$681

$169

2007 2016

$0

$50

$100

$150

$200

$250

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Illustrative

Potential for

Growth

Total Assets of BDCs Potential Opportunity

41 88 140

153 187 225

137 139 142

120 152 179

Regulatory Pressure Continues for Banks

1. Financial firms include: BAC, C, CS, DB, GS, JPM, MS, WFC, Bear Stearns, Countrywide Financial, Merrill Lynch & Washington Mutual. Metrics in billions of USD. Financial information as of 12/31/2016.

2. BDCs include: ACAS, ACSF, AINV, ARCC, BKCC, CMFN, CPTA, FDUS, FSC, FSIC, FSFR, GAIN, GARS, GBDC, GLAD, GSVC, HCAP, HRZN, HTCG, KCAP, KIPO, MAIN, MCC, MCGC, MRCC, MVC, NGPC, NMFC, OFS, PFLT, PNNT, PSEC, SAR, SCM, SLRC, SUNS, TCAP, TCPC, TCRD, TICC, TINY, TPVG, TSLX and WHF. Metrics in billions of USD. Total assets as of 12/31/2016, with the exception of ACAS, MCGC, MVC , and SAR which are as of 9/30/2016, 6/30/2015, 1/31/2017, and 11/30/2016, respectively.

Total Assets of Publicly Traded BDCs(2) Level 3 Assets for Financial Firms(1)

Large Opportunity as Banks Continue to Exit Level 3 Assets

14

INVESTMENT PROCESS

15

Origination

• Over 45 investing & credit

management professionals

• Nationwide platform

• Targeted middle market sectors

• Up to half of our annual deal

flow is repeat and referral

Underwriting

• Multi-step approval process

• Documentation process

• 3rd party resources

• Approve 1-3% of opportunities

• Medley has invested in over

350 borrowers(1)

Asset and Portfolio Management

• Infrastructure – asset

management system

• Weekly, monthly, quarterly

meetings

• Borrower monitoring and

reporting

Origination 1

Underwriting 2

Asset and Portfolio Management 3

1

2

3

41 88 140

153 187 225

137 139 142

120 152 179

Integrated Investing Processes

16

• Downside protection – focused on capital preservation

• Three step underwriting process

• Multiple touch points and evaluations

• Governed by an Investment Committee

1. Since inception through 3/31/2017.

OVERVIEW OF FUNDS

17

First Lien 82%

Second Lien 13%

Unsecured 1%

Equity 4%

Construction &

Building

18%

Banking, Finance,

Insurance &

Real Estate

16%

Healthcare &

Pharmaceuticals

12%

Services: Business

9%

Automotive

6%

Beverage & Food

5%

Hotels, Gaming &

Leisure

5%

Energy: Oil

& gas

5%

Retail

4%

High Tech

Industries

4%

Other

16%

Portfolio by Industry Portfolio by Asset Class

Institutional Capital

Note: Metrics in millions of USD, unless stated otherwise.

18

• Institutional AUM increased to $3.0B during the

quarter ended 3/31/2017

• Private Funds and SMAs generally operate without

leverage

• Allocations from major public pensions and insurance

companies

• Focus on senior secured loans

• Diversified portfolio across 87 portfolio companies

Highlights AUM Growth

$2,494

$2,988 $2,808 $2,988

$-

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

3/31/2016 3/31/2017 12/31/2016 3/31/2017

First Lien

58%

Second Lien

26%

Subordinated Debt

5%

Equities/Warrants

11%

Services: Business

15%

Multi-Sector Holdings

13%

Construction & Building 8%


7%

Banking, Finance, Insurance & Real Estate

7%

Aerospace & Defense 7%

Hotel, Gaming & Leisure 6%

Retail 6%

High Tech Industries 4%

Telecommunications 3%

Other

24%

$1,184 $1,264 $1,258 $1,264

$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

3/31/2016 3/31/2017 12/31/2016 3/31/2017

• Sierra Income Corporation is a senior debt focused

non-traded public BDC launched in 2012

• Capital is being raised through 203 broker dealers

and over 17,600 RIAs

• $1.2 billion in fee earning AUM and over $900 million

in gross equity raised, as of 3/31/2017

• 10.2% weighted average yield for total investments

for the quarter ended 3/31/2017

• Diversified portfolio across 104 portfolio companies(1)

• 90.0% floating rate & 10.0% fixed rate loans

• Refinanced and upsized JV credit facility to $240M


Sierra Income Corporation

Note: Metrics in millions of USD, unless stated otherwise. 1. Excludes TRS and SIC SLS investments.

19


First Lien

65%

Second Lien

24%

Unsecured Debt

3%

Equities/Warrants

8%

Construction & Building

13%

Services: Business 12% Banking, Finance,

Insurance & Real Estate 11%


8%

Hotel, Gaming & Leisure 7%

Energy: Oil & Gas 6%

Aerospace & Defense 5%

Automotive 5%

Multisector Holdings 5%

Containers, Packaging & Glass

5%

Other 23%

$1,334 $1,200 $1,269 $1,200

$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

3/31/2016 3/31/2017 12/31/2016 3/31/2017

• NYSE: MCC (Market cap: $419 million as of

3/31/2017)

• $1.0 billion in total assets (fee earning AUM

equivalent) and $487 million in equity

• Diversified portfolio across 64 portfolio companies

(Top 20 are 58%)

• 11.6% weighted average portfolio yield as of

3/31/2017(1)

• 83.4% floating rate & 16.6% fixed rate on income

bearing investments

• Total debt/credit facility commitments of $900

million(2)(3)

• Refinanced and upsized JV credit facility to $200M


Medley Capital Corporation

Note: Metrics in millions of USD and data is exclusive of MCC SLS assets, unless stated otherwise. 1. Represents annualized portfolio yield to maturity, excluding fees, while utilizing industry standard forward LIBOR curve assumptions. 2. SBA regulations currently limit the amount that we may borrow to a maximum of $150 million based upon at least $75 million in regulatory capital. As of 3/31/2017, we have

at least $75 million in regulatory capital which allows us to borrow up to $150 million from SBA. 3. Includes $200M in JV credit facility commitments.

20


FINANCIAL PERFORMANCE

21

(Dollars in thousands except share and per share amounts)

Revenues

Management fees $ 13,895 $ 16,263

Performance fees (2,219) (591)

Other income and fees 2,320 1,899

Total revenues 13,996 17,571

Expenses

Compensation and benefits 5,794 5,868

Performance fee compensation (881) (71)

General, administrative and other expenses 2,668 7,979

Total expenses 7,581 13,776

Other income (expense)

Dividend income 735 222

Interest expense (3,647) (2,118)

Other income (expenses), net 1,560 (751)

Total other expense, net (1,352) (2,647)

Income (loss) before income taxes 5,063 1,148

Provision for (benefit from) income taxes 413 112

Net income (loss) 4,650 1,036

1,488 263

$ 3,162 $ 773

Core Net Income (1) $ 4,588 $ 5,965

Core EBITDA 7,920 9,067

Core Net Income per share (2) $ 0.10 $ 0.13

Core Net Income Margin (3) 21.1% 21.9%

Pro Forma Weighted Average Shares Outstanding (4)

(Unaudited)

2017 2016

For the Three Months Ended

March 31,

30,965,646 30,403,893

Less: Net income (loss) attributable to redeemable non-controlling

interests and non-controlling interests in consolidated subsidiaries

Net income (loss) attributable to Medley Management Inc. and non-

controlling interests in Medley LLC

Standalone Income Statements

22

(Dollars in thousands except per share amounts)

$ 3,162 $ 773

Reimbursable fund startup expenses - 5,203

Adjustment for pre-IPO guaranteed payments to members (1) - -

IPO date award stock-based compensation (661) 673

Other non-core items (2) 2,273 -

Income tax benefit (expense) on adjustments (186) (684)

Core Net Income $ 4,588 $ 5,965

Interest expense 2,498 2,118

Income taxes 599 796

Depreciation and amortization 235 188

Core EBITDA $ 7,920 $ 9,067

The calculation of Net Income Per Share is as follows:

$ 4,588 $ 5,965

Add: Income taxes 599 796

Pre-tax Core Net Income 5,187 6,761

Denominator

Class A common stock 5,808,626 5,851,129

Conversion of LLC Units to Class A common stock 23,333,333 23,333,333

Restricted stock units and restricted LLC units 1,823,687 1,219,431

Pro-Forma Weighted Average Shares Outstanding 30,965,646 30,403,893

Pre-tax Core Net Income Per Share $ 0.17 $ 0.22

Less corporate income taxes per share (3) (0.07) (0.09)

Core Net Income Per Share $ 0.10 $ 0.13


March 31,

The reconciliation of Net income attributable to Medley

Management Inc. and non-controlling interests in Medley LLC to

Core Net Income and Core EBITDA is as follows:


March 31,

(Unaudited)

2017 2016

Net income attributable to Medley Management Inc. and non-

controlling interests in Medley LLC

2017 2016

(Unaudited)

Numerator

Core Net income

Standalone Income Statements (Cont.)

23

1. Presented net of income tax. 2. For the three months ended 3/31/2017, other non-core items consists of a $1.0M severance payment and $1.1M in refinancing expenses. 3. Represents a pro-forma adjustment to Core Net Income to reflect guaranteed payments to Medley LLC members as compensation expense. Prior to our reorganization and IPO

these payments were recorded as distributions from member’s capital.

(Dollars in thousands)

As of

(unaudited)

Assets

Cash and cash equivalents $ 63,245 $ 49,666

Restricted cash equivalents 7,554 4,897

Investments, at fair value 36,311 31,904

Management fees receivable 11,226 12,630

Performance fees receivable 2,744 4,961

Other assets 17,393 18,311

Total assets $ 138,473 $ 122,369

Liabilities and Equity

Senior unsecured debt $ 116,480 $ 49,793

Loans payable 8,736 52,178

Accounts payable, accrued expenses and other liabilities 27,723 37,255

Total liabilities 152,939 139,226

Redeemable Non-controlling interests 36,041 30,805

Equity

Class A common stock 58 58

Class B common stock - -

Additional paid in capital (capital deficit) 3,911 3,310

Accumulated other comprehensive income (loss) 65 33

Retained earnings (accumulated deficit) (6,164) (5,254)

Total stockholders' equity (deficit), Medley Management Inc. (2,130) (1,853)

Non-controlling interests in consolidated subsidiaries (1,714) (1,717)

Non-controlling interests in Medley LLC (46,663) (44,092)

Total equity (deficit) (50,507) (47,662)

Total liabilities, redeemable non-controlling interests and equity $ 138,473 $ 122,369

March 31, 2017 December 31, 2016

Balance Sheets

24

($ in millions) MCC SIC

Institutional

Capital Total ($ in millions) MCC SIC

Institutional

Capital Total

Q4 2016 $1,269 $1,258 $2,808 $5,335 Q1 2016 $1,334 $1,184 $2,494 $5,012

Commitments(1)- 13 208 221 Commitments(1)

(40) 77 704 741

Capital reduction(2)(45) - - (45) Capital reduction(2)

(47) - - (47)

Distributions(3)(12) (15) (31) (58) Distributions(3)

(52) (67) (247) (366)

Change in fund value(4)(12) 8 3 (1) Change in fund value(4)

5 70 37 112

Q1 2017 $1,200 $1,264 $2,988 $5,452 Q1 2017 $1,200 $1,264 $2,988 $5,452

QoQ Increase (Decrease) -5% 0% 6% 2% LTM Increase (Decrease) -10% 7% 20% 9%

25

Assets Under Management

Note: Percentage change calculations shown are based on actual numbers and may differ from rounded calculations. 1. With respect to permanent capital vehicles, represents increases during the period through equity and debt offerings, subject to restrictions, as well as any increases in available

undrawn borrowings or capital commitments. With respect to institutional capital, represents new commitments or gross inflows, as well as any increases in available undrawn borrowings.

2. Represents the permanent reduction in equity or leverage during the period. 3. With respect to permanent capital vehicles, represents distributions of income. With respect to long-dated private funds and SMAs, represents return of capital, given our funds’

stage in their respective life cycle and prioritization of capital distributions. 4. Includes interest income, realized and unrealized gains (losses), fees and/or expenses.

MCC

SIC

Inst. Capital

• AUM decreased by 5% to $1.2 billion vs. Q4 2016

• AUM decreased by 10% vs. Q1 2016, a decrease of $134 million

• AUM remained at $1.3 billion during Q1 2017

• AUM increased by 7% vs. Q1 2016, an increase of $80 million

• AUM increased by 6% to $3.0 billion vs. Q4 2016

• AUM increased by 20% vs. Q1 2016, an increase of $494 million Q1

20

17

HIG

HLIG

HT

S

Q1 2017 AUM Rollforward LTM AUM Rollforward

($ in millions) MCC SIC

Institutional

Capital Total ($ in millions) MCC SIC

Institutional

Capital Total

Q4 2016 $1,033 $1,174 $983 $3,190 Q1 2016 $1,062 $1,097 $1,010 $3,169

Commitments(1)14 24 89 127 Commitments(1)

10 91 251 352

Capital reduction(2)- - - - Capital reduction(2)

(2) - - (2)

Distributions(3)(12) (15) (58) (85) Distributions(3)

(52) (67) (267) (386)

Change in fund value(4)(12) 8 (14) (18) Change in fund value(4)

5 70 6 81

Q1 2017 $1,023 $1,191 $1,000 $3,214 Q1 2017 $1,023 $1,191 $1,000 $3,214

QoQ Increase (Decrease) -1% 1% 2% 1% LTM Increase (Decrease) -4% 9% -1% 1%

26

Fee Earning Assets Under Management

Note: Percentage change calculations shown are based on actual numbers and may differ from rounded calculations. 1. With respect to permanent capital vehicles, represents increases or temporary reductions during the period through equity and debt offerings, as well as any increases in capital

commitments. With respect to institutional capital, represents new commitments or gross inflows. 2. Represents the permanent reduction in equity or leverage during the period. 3. Represents distributions of income, return of capital and return of portfolio investment capital to the fund. 4. Includes interest income, realized and unrealized gains (losses), fees and/or expenses.

Q1 2017 Fee Earning AUM Rollforward LTM Fee Earning AUM Rollforward

MCC

SIC

Inst. Capital

• Fee Earning AUM remained at $1.0 billion during Q1 2017

• Fee Earning AUM decreased by 4% vs. Q1 2016, a decrease of $39 million


• Fee Earning AUM increased by 9% vs. Q1 2016, an increase of $94 million


• Fee Earning AUM decreased by 1% vs. Q1 2016, a decrease of $10 million Q1

20

17

HIG

HLIG

HT

S

APPENDIX

27

28

Endnotes & Definitions

Definitions:

“Assets Under Management” or “AUM” refers to the assets of our funds, which represents the sum of the NAV of such funds, the drawn and undrawn debt (at the fund level, including amounts subject to restrictions) and uncalled committed capital (including commitments to funds that have yet to commence their investment periods).

“Core Earnings Before Interest, Income Taxes, Depreciation and Amortization (Core EBITDA)” is calculated as Core Net Income before interest expense, income taxes, depreciation and amortization.

“Core Net Income” is calculated by adjusting net income attributable to Medley Management Inc. and net income attributable to non-controlling interests in Medley LLC to exclude reimbursable expenses associated with the launch of funds, amortization of stock-based compensation expense associated with grants of restricted stock units at the time of our IPO, other non-core items and the income tax impact of these adjustments.

“Core Net Income Margin” equals Core Net Income Per Share divided by total revenue per share.

“Core Net Income Per Share” is Core Net Income adjusted for corporate income taxes assuming that all of our pre-tax earnings are subject to federal, state and local corporate income taxes, divided by Pro-Forma Weighted Average Shares Outstanding (as defined above). In determining corporate income taxes we used an annual effective corporate tax rate of 43.0%.

“Fee Earning Assets Under Management” refers to the assets under management on which we directly earn base management fees.

“Pre-Tax Core Net Income” is calculated as Core Net Income excluding the impact of income taxes.

“Pre-Tax Core Net Income Margin” equals Pre-Tax Core Net Income Per Share divided by total revenue per share.

“Pre-Tax Core Net Income Per Share” is calculated as Pre-Tax Core Net Income divided by Pro-Forma Weighted Average Shares Outstanding.

“Pro-Forma Weighted Average Shares Outstanding” assumes the conversion by the pre-IPO holders of 23,333,333 LLC Units for 23,333,333 shares of Class A common stock at the beginning of each period presented, as well as the vesting of the weighted average number of restricted stock units during each of the periods presented.

29

Corporate Information

Board of Directors

BROOK TAUBE Co-Chairman SETH TAUBE Co-Chairman JEFF TONKEL Director JAMES G. EATON Independent Director JEFFREY T. LEEDS Independent Director GUY ROUNSAVILLE, JR. Independent Director

Corporate Officers

BROOK TAUBE Co-Chief Executive Officer SETH TAUBE Co-Chief Executive Officer JEFF TONKEL President RICHARD T. ALLORTO, JR. Chief Financial Officer JOHN FREDERICKS General Counsel & Secretary

Research Coverage

COMPASS POINT Casey Alexander – (646) 452-7083 CREDIT SUISSE Craig Siegenthaler - (212) 325-3104 FBR & CO. Christopher Nolan - (646) 412-7690 KEEFE, BRUYETTE & WOODS Ann Dai - (212) 887-3688 LADENBURG THALMANN & CO. Mickey Schleien - (305) 572-4131 NATIONAL SECURITIES CORPORATION Christopher Testa - (212) 417-7447

Corporate Headquarters

280 Park Avenue, 6th Floor East New York, NY 10017 (212) 759-0777 Investor Relations

SAM ANDERSON Head of Capital Markets & Risk Management (212) 759-0777 Corporate Counsel

LOWENSTEIN SANDLER LLP New York, NY Independent Registered Public Accounting Firm

RSM US, LLP New York, NY Securities Listing

NYSE: MDLY (Common Stock) MDLQ (Senior Notes Due 2024) MDLX (Senior Notes Due 2026) Transfer Agent

AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC (888) 777-0324 Media Contact

TENEO (212) 498-9197

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